Cost, Revenue & Profit For these problems, a will represent the number of items and y will represent the money. The fixed costs for a certain item are $115 per week. The cost to produce each item is $7 per item. Using this information, what is the cost equation? Give your answer in slope-intercept form: y = The retailer intends to sell each item for $10/item. Using this information, what is the revenue equation? Give your answer in slope-intercept form: y = If in this week 27 items are made, and all items are sold in the week, what are the total costs to the retailer? Cost = $ What is the revenue from selling 27 items? Revenue = $ Finally, what is the profit for this retailer? Profit = $

Cost, Revenue & Profit For these problems, a will represent the number of items and y will represent the money. The fixed costs for a certain item are $115 per week. The cost to produce each item is $7 per item. Using this information, what is the cost equation? Give your answer in slope-intercept form: y = The retailer intends to sell each item for $10/item. Using this information, what is the revenue equation? Give your answer in slope-intercept form: y = If in this week 27 items are made, and all items are sold in the week, what are the total costs to the retailer? Cost = $ What is the revenue from selling 27 items? Revenue = $ Finally, what is the profit for this retailer? Profit = $

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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Concept explainers

Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.

Question

Cost, Revenue & Profit
For these problems, x will represent the number of items and y will represent the money.
The fixed costs for a certain item are $115 per week. The cost to produce each item is $7 per item.
Using this information, what is the cost equation? Give your answer in slope-intercept form:
y =
The retailer intends to sell each item for $10/item.
Using this information, what is the revenue equation? Give your answer in slope-intercept form:
y =
%3D
If in this week 27 items are made, and all items are sold in the week, what are the total costs to the
retailer?
Cost = $
%3D
What is the revenue from selling 27 items?
Revenue = Ș
%3D
Finally, what is the profit for this retailer?
Profit = $
%3D

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